US President Barack Obama will travel to China in mid-November in his first visit to the country--as president or otherwise. The agenda for the bilateral meetings will likely focus on climate change, strategic, and global macroeconomic issues.
China Market Intelligence
The PRC National People's Congress (NPC) Standing Committee convened last week for its bimonthly meeting, led by NPC Chair Wu Bangguo. The meeting reviewed the status of China's RMB 4 trillion ($585 billion) stimulus package, supervisory work over the past year, and six draft laws and amendments.
As part of its advocacy efforts, the US-China Business Council (USCBC) recently met with officials from the PRC Ministry of Industry and Information Technology (MIIT) to discuss a number of issues that affect foreign businesses in China, including the development of pollution controls on certain electronic information products (China's version of EU restrictions on hazardous substances, also kn
Recently released data from the PRC National Bureau of Statistics (NBS) suggest China's economy is recovering from the downturn.
China recently released a set of opinions to expand domestic demand for services outsourcing and enhance the capabilities of China's services outsourcing enterprises.
US embassy officials in Beijing and Shanghai recently updated the US-China Business Council (USCBC) on a number of issues related to US business visa applications. Because visa approvals remain an area of concern for the business community, USCBC regularly engages with embassy officials to discuss best practices for facilitating a smoother approval process.
Despite lowered expectations due to recent trade actions, the 20th session of the Joint Commission on Commerce and Trade (JCCT) concluded on October 29 in Hangzhou, Zhejiang, with progress on a number of issues, including PRC government procurement and market access for US pork products.
China's outbound foreign direct investment flows reached $55.9 billion in 2008, up 111 percent from 2007, according to recently released figures from the PRC Ministry of Commerce, National Bureau of Statistics, and State Administration of Foreign Exchange.
The PRC central government recently issued measures to crack down on production overcapacity across a wide array of industries to stop the inefficient allocation of fixed-asset investment that resulted from China's economic stimulus measures.
Despite speculation that the recent rise of trade remedy cases between the United States and China might derail bilateral cooperation, US-China Business Council (USCBC) sources indicate that the US and PRC governments are making progress in finalizing the agenda and outcomes for the upcoming Joint Commission on Commerce and Trade (JCCT) on October 28 and 29 in Hangzhou, Zhejiang.